$ETH #ETHBreakout š *ETH/USDT TECHNICAL ANALYSIS* š
*Current Price: $2,507.24 (+0.12%)*
š *KEY OBSERVATIONS:*
1ļøā£ *EMA TREND:*
- Short-term EMAs (7/25) showing bearish crossover
- EMA(99) at $2,512 acting as resistance
- Price currently below all major EMAs
2ļøā£ *MOMENTUM INDICATORS:*
- StochRSI at 19.21 (approaching oversold)
- OBV shows distribution (-7.7M to -6M)
- KDJ shows weak momentum (K:33.64, J:27.86)
3ļøā£ *PRICE ACTION:*
- Trading between $2,452 (24h low) and $2,615 (24h high)
- Recent rejection at $2,615 resistance
- Volume declining (2.69B USDT 24h)
šÆ *TRADING STRATEGY:*
ā”ļø *BEARISH SCENARIO:*
- Wait for break below $2,450
- Next support at $2,370 then $2,206
- Consider short positions with tight stops
ā”ļø *BULLISH REVERSAL SIGNS:*
- Needs to reclaim $2,512 (EMA99)
- Watch for StochRSI crossover above 20
- Volume surge on upside breakout
ā ļø *RISK FACTORS:*
- Low volatility (narrow $2,450-$2,615 range)
- Negative OBV suggests selling pressure
- EMAs in bearish alignment
š” *PRO TRADER TIP:*
"Wait for clear breakout direction - current range-bound conditions make premature entries risky. The $2,500 level is psychological support."
š
*NEXT 24H KEY LEVELS:*
- Resistance: $2,512 ā $2,530 ā $2,615
- Support: $2,450 ā $2,370 ā $2,206
š® *OUTLOOK:* Neutral/Bearish until $2,512 breaks
#ETHETFsApproved #Signalš„. #USDT #TechnicalAnalysis $BNB $MUBARAK